Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) Short Interest Down 50.0% in February

Southern Michigan Bancorp, Inc. (OTCMKTS:SOMC) saw a significant decline in short interest in February. As of February 28th, there was short interest totalling 100 shares, a decline of 50.0% from the February 13th total of 200 shares. Based on an average daily trading volume, of 11,600 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Southern Michigan Bancorp Price Performance

Shares of OTCMKTS:SOMC traded up $0.20 during trading on Friday, reaching $19.00. 1,400 shares of the company traded hands, compared to its average volume of 5,121. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.29. Southern Michigan Bancorp has a 52 week low of $15.60 and a 52 week high of $19.50. The firm has a market capitalization of $86.89 million, a PE ratio of 8.33 and a beta of 0.27. The company’s 50 day moving average is $18.91 and its two-hundred day moving average is $18.35.

Southern Michigan Bancorp (OTCMKTS:SOMC) last posted its quarterly earnings results on Friday, February 14th. The financial services provider reported $0.57 EPS for the quarter. Southern Michigan Bancorp had a return on equity of 10.30% and a net margin of 12.29%. The company had revenue of $12.95 million during the quarter.

Southern Michigan Bancorp Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 24th. Stockholders of record on Friday, January 10th were paid a $0.15 dividend. The ex-dividend date was Friday, January 10th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.16%. Southern Michigan Bancorp’s payout ratio is currently 26.32%.

About Southern Michigan Bancorp

Southern Michigan Bancorp, Inc operates as the bank holding company for Southern Michigan Bank & Trust that provides a range of commercial banking services to individuals, businesses, institutions, and governmental agencies primarily in the southwest Michigan communities. Its deposit products include interest and non-interest checking, savings, and various types of money market accounts; time, savings, and demand deposits; and certificates of deposit and IRAs.